All colleges and universities bond to build; public & private. Almost none build without. It's SOP to bond, build, and then try to fundraie to help pay it down. State Penn's are gubmint secured bonds. This is no biggie.

jb wrote:All colleges and universities bond to build; public & private. Almost none build without. It's SOP to bond, build, and then try to fundraie to help pay it down. State Penn's are gubmint secured bonds. This is no biggie.

Yah, I get that now. I hadn't given it much thought, just always see the massive Endowments and assumed these universities were not in debt.